London Stock Exchange welcomes RC365 Holding plc to the Main Market
London Stock Exchange today welcomes RC365 Holding plc (“RC365” or the “Company”), the a leading fintech solutions service provider, to embark on a brand-new stage as it begins listing on the standard segment of the London Stock Exchange’s Main Market and trading under the ticker “RCGH”.
RC365 is a leading fintech solutions service provider founded in 2013 and headquartered in Hong Kong. Providing innovative, efficient, and secure payment gateway solutions (online and offline) and IT support and security services, RC365 aims to facilitate the growing banking needs of the Asian community for cross border payment services and expand the services into Europe and the UK.
The successful fundraising included the issuing of 32,534,591 new ordinary shares at a price of 6.2p per ordinary share (the “Issue Price”), raising gross proceeds of approximately £2.0 million for the Group. At the Issue Price, the Company’s market capitalization will be approximately £6.7 million.
The proceeds of the listing will be used in the following manner: marketing development programme, establish development centre, funding for future organic and non-organic growth, funding for potential license application work.